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garden where president obama is about to announce that former ohio attorney general richard cordray not elizabeth warren will be heading the new consumer protection bureau. that agency was formed many the wake of the financial meltdown and was warren's brain child. she has been overseeing the creation. her possibly nomination was blocked by staunch republican opposition in the senate. elizabeth warren will be our guest. we'll bring it back to you live when it happens. there is also talk about her running for the senate against scott brown in massachusetts. more on that as well. >>> up next, senator diane feinstein, the debt ceiling snowdown. the handover in afghanistan today. and more trouble with pakistan. we'll talk to the intelligence chair. still ahead, uk hacking scandal claims another top official at scotland yard. send me your thoughts on twitter. this is "andrea mitchell this is "andrea mitchell reports" only on msnbc. a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million
's a good man, richard cordray is, and i think it's time to take the fight straight to the republicans. we need a director in place, that's the law, and we are not, not, not going to let the minority come in and dictate the terms of this agency, rip its arms and legs off before it's able to help a single family. >> when you talk about taking it straight to the republicans, do you want to be part of that fight in the future? >> you know, i'm going to be part of that fight one way or another, rachel. let me be clear about this. i have really done three things in my life, i have taught school, because that's what i do, i've done research around what happens to middle class families and tried to understand that, and i have thrown rocks at people that i think are in the wrong. i've done it before, i've continued to do it, and i'm going to do it in the future. >> elizabeth warren, consumer advocate and harvard law professor. thank you for taking time on this night of all nights to talk to us about this. best of luck, i hope we'll stay in touch. >> thank you. >> you know know if you don't already
for the top job by a former ohio attorney general richard cordray. >> what could she not get confirmed? -- why would she passed over? >> she cannot get confirmed. >> there is talk of her running out for the senate in massachusetts against scott brown. >> this is a part time for her to announce that she is pretty happy to mention it on this show. scott brown is formidable. i've been talking to a number of democrats who think there is going to be an uphill race against him. but let's make one thing clear about richard cordray, who is an outstanding attorney general of ohio. it is not just elizabeth warren and they are trying to sink, the republicans. shelby is going to filibuster hamid they don't like this agency. >> they never have. and they don't like consumers very much. >> they don't like the revenue stream this agency has. >> that's right, because it gives them autonomy that congress -- >> let me just explain to the viewers out there that this segment is three massachusetts democrats of the elizabeth warren campaign for senate coming to a polling place near you. "the new yorkread times"? en
over for the top for a former ohio attorney general richard cordray -- >> why would she pass over? >> because she could not get confirmed. >> now there is talk she will run for the senate in massachusetts against scott brown. >> this is a perfect time for her to announce she is. we would be happy to mention it on this show. scott brown is formidable -- having been in massachusetts recently talking to democrats who think it will be an uphill race against him. let's make one thing clear about richard cordray, outstanding attorney general of ohio. it is not just elizabeth warren and they are trying to sink, republicans. dick shelby says he is going to filibuster him. they don't like this agency. >> they at never have. they don't like consumers very much. >> they don't like the revenue stream this agency has. >> that's exactly right, because it gives them autonomy -- that congress not >> let me explain to the viewers out there that this segment is three massachusetts democrats of the elizabeth warren campaign for senate, to a polling place -- >> did you read "the new york times"? >> i
for $200 more. suppose it was appropriate that richard cordray would come up with the correct response so that last clue we had regarding oxford university, because this man received a ba at oxford. is that right? >> that's right. thank you, alex. >> you were there on a scholarship program? >> yes, from the british government. the marshall scholarship program. >> after electrifying the people of ohio featuring his jeopardy skills and the human interview part, did that marshall scholar go on to get elected attorney general of the great state of ohio? yes, he did! richard cor cordray, went on to be treasurer of ohio and attorney general of ohio, and he earned a reputation as attorney general for going after banks and predatory mortgage lenders with some obvious relish. and now richard cordray has been named to head up the consumer financial protection agency. the agency that is supposed to make sure that banks write mortgages in a way that is fair and understandable. and that credit card companies send you rules and regulations in plain language so that you can understand them. even you, as
. the president nominated richard cordray to be the nation's top consumer advocate. darren gersh has details. >> reporter: the president vowed to fight back against what he called an army of lobbyists trying to weaken the new consumer financial protection bureau. that agency was created to fight lending abuses that the president says were a leading cause of the financial crisis. >> we are not going to just shrug our shoulders and hope it doesn't happen again. we're not going to go back to the status quo, where consumers couldn't count on getting protection that they deserve. we're not going to go back to a time when our whole economy was vulnerable to a massive financial crisis. >> reporter: to make sure that doesn't happen, the president nominated richard cordray to be the c.f.p.b.'s first director. as ohio attorney general, cordray aggressively attacked fraudulent foreclosures. ernie patrikis, an expert in banking regulation, says cordray is a tough adversary. >> he is not going to be a very easy fellow for some companies to get along with. he has a strong track record of going after peopl
, president obama is expected to nominate someone named richard cordray to head the consumer financial protection bureau. most would have guessed elizabeth warren but she was facing opposition. is cordray likely to get through and what does he stand for? >> he has a better chance. just imagine you build and house and you're not able to live in it. today is the first anniversary of the sign if anything the law of the dodd/frank act which was supposed to keep us from having too big to fail anymore. the question is whether that will take place. meanwhile this consumer financial protection bureau you're talking about will at least get control of things like credit card rates and so on. and that is probably going to be a battle getting richard cordray confirmed by the senate. but he has a better chance than lit beth warren. it is something we'll see probably shaping arguments over the next couple of weeks, couple of months. >> tim, good to see you, have a great show and a great week, we'll talk all week. host of "morning briefing" on sirius fm potus radio. >>> the government wants airlines
way out, and we will listen to his official nomination of richard cordray to head the consumer protection bureau. >> good morning, everybody. it has been almost three years since the financial crisis pulled the economy into a deep recession, and millions of families are still hurting because of it. they are trying to get by on one income instead of two, and on fewer shifts at the plant or at the hospital. they are cutting expenses. giving up on a family night out so there's money for groceries, and for a lot of families, things were tough even before the recession. so we have got to get the economy growing faster, and make sure that the small businesses can hire again so that an an intrapreneur can sell a product, and the middle class is getting stronger again, and that's why we can't let politics stand in the way of doing the right thing in washington. we can't stand in the way when it comes to doing the right thing on deficits, and that's why i want to take steps in making sure like payroll taxes for middle class families don't go back up next year. it's so important that we
dropped above 31. president obama bypassed elizabeth warren to nominate richard cordray today to head the new consumer protection agency. correspondent shannon bream look at the republican opposition to the pick, the agency itself and how it could impact the 2012 race. >> i am happy about this. this is a moment for celebration. >> for more than a year, elizabeth warren fought to get the new consumer financial protection bureau part of the dodd-frank regulatory law up and running, but today president obama nominated former ohio attorney general richard cordray to lead the bureau as the first director. warren said she recruited cordray and stands with those calling for quick confirmation. >> we believe richard cordray is the right person. president believes he is. the record is exemp rarely. the record in ohio is impressive. he is the right person for job. >> the backlash from some g.o.p. senators was swift. not directed at cordray. instead they renew objection to the new agency itself. shelby said, "until president obama addresses our concerns by supporting reasonable structural change
of neighborhoods. >> and the president nominated richard cordray instead of ease liz beth warren. bankers and financiers were working hard to have her leave the agency. and cordray is the former ohio attorney general well thought of within consumer circles. it's expected to be a battle. >> and a south san francisco woman is calling her granddaughter a hero. here is what happened. she was sitting down for lunch with 5-year-old caylee friday. she started to choke on a chicken bone. little caylee started slapping her grandmother in the back it and worked. >> she was choking. and couldn't breathe. she couldn't talk. her last word was "harder". then, she was good b.to faint. i gave her a few big ones it and came out of her mouth. >> what a sweet little girl. so brave and smart. she says she decided to go public with the story so people know it's forn teach little ones life saving tech neeg autos san francisco giants have received quite an invitation from president obama. and the team going to fly to washington, d.c. after sunday's game at the giants ballpark against milwaukee and received reco
general de ohio richard cordray como el futuro director del nuevo bureau de proteccion financiera del consumidor que empezara a funcionar este jueves. la agencia supervisara la forma en que bancos dan hipotecas, tarjetas de creditos y otros prestamos. y ayudara al publico a entender documentacion complicada dice esta experta. con las hipotecas, todos los formularios que hay que llenar en 1 cierre de hipoteca son complicados, llenos de terminos legales que el publico en general no abogado para poder entender lo que se te presenta. consumidor entender cuales son los termino especificos de financiados por medio de concesionarios. no tienen ninguna supervision y tipicamente le anaden a la tasa de interes a las poblaciones afroamericanas y latinas." la industria financiera esta preocupada por la creacion de la agencia porque cree que limitara la oferta de nuevos productos financieros. el presidente obama dice que protegera al publico de abusos. merecen 1 proteccion basica contra el abuso. no tienen que ser abogados para poder leer lo que firman para obte
. >> mitchell: at the white house tomorrow, president obama is set to nominate richard cordray, republicans are getting ready to block his nomination. later, a new day for parris island marines, with a woman in command for the first time. the u.s. and japan face their moment of truth in the women's world cup finals. and twentysomethings, a jump start detroit. those stories, when the "cbs evening news" continues. >> mitchell: interstate highway 405 was closed for partial demolition of a bridge. billed as "car-mageddon," it failed to create the predicted gridlock. in fact, it was over hours ahead of schedule. experts have long looked at the industry of detroit. the city lost most of its population since 1950, leaving whole neighborhoods virtually abandoned. but now dean reynolds tells us there are early signs of a motor city renaissance. >> reporter: it is sadly familiar: detroit as the ramshackle wreck, a place of decline, decay and desolation. it's a tough image to shake, but come closer and listen. the motor in motown is humming. >> i think detroit is like where you want to go and create y
nominated former ohio attorney general richard cordray to the new post. he was the leader among state regulators who challenged banks over their mortgage foreclosure practices. his nomination is expected to run into opposition from senate republicans and the financial services industry. >>> now another celebrity is getting an invitation to a marine it corps ball. >> i would take betty white. she's just funny. she's sweet. she's mature. she's the all-around perfect woman. >> that's sergeant lewis inviting betty white to be his date for the marine corps ball. she has not responded yet. justin timberlake said attending the ball is a way to honor your country. >>> a man in western australia caught quite a site on the beach while pat the beach. well, you can see one of two dogs swimming near a group of sharks and went under water and bit the shark. critics say it was inhumane and irresponsible to get mountain -- to let the jobs swim near the sharks. >>> president obama will welcome the san francisco giants to the white house next week. this is the first time the family had won the world se
at the white house rose garden, president obama tapped richard cordray to run the new consumer protection bureau. the president tried to lighten the mood with a little stand-up comedy. and let's just say this wasn't his best get. >> now, last, but not least, back in the '80s, richard was also a five-time "jeopardy" champion and a semifinalist in the tournament of champions, all of the answers at his confirmation hearings will be in the form of a question. that's a joke. >> rough crowd right there. can we roll it up one more time? i want to make sure what the punch line was? >> now last, but not least, back in the '80s, rich was also a five-time "jeopardy" champion. and a semifinalist in the tournament of champions. not too shabby. that's why all his confirmation, all his answers at his confirmation hearings will be in the form of a question. [ crickets ] >> that's a joke. >> sorry, i had to go deep in the archive for the crickets there. no free pass here right now. >>> we want to move on to this, we show you briefly earlier. nothing like celebrating your wedding night -- in jail. that's w
richard cordray to head the new chief consumer financial protection bureau. >>> a bridge part of the massive construction project in los angeles is finished. construction shut down a ten-mile stretch of the 405 freeway this weekend but did not produce the feared gridlock that many were ready to call carmageddon. the 405 is expected to reopen this hour. >>> and day ten of the final shuttle mission begins with a celebration. >>> cool and the gang provided this morning's wake-up call and the crew has something else to celebrate. mission control says the main computer that had some sort of glitch on thursday is up and running normally again. the shuttle is scheduled to leave the space station on tuesday. >>> the u.s. women's soccer team hopes to be celebrating later this afternoon. we'll take you to germany for the world cup soccer finals. first, do you know how many team members played on the 2008 u.s. olympic team? the answer right after this. >>> so earlier we asked you the question about the current u.s. soccer team and how many of them played in the 2008 olympics? well, here
obama nominated richard cordray. he was until this past fall the attorney general in ohio. he is the pick for the agency. obviously it has been said that the agency was conceived as being created by elizabeth warren. she did not get picked which disappointed a lot of people who are fans of hers. for whatever reason, the white house decided it would be better to nominate richard cordray than her. host: will that be a big deal? guest: it will be a big deal. it is facing a lot of opposition. it is all that they opposed richard cordray, but they oppose the consumer protection bureau in this form. they have outlined three things they want to see done. the way the bureau is created, it would be run by a single director. republicans say they want it run by a board similar to the way some of the other bank regulations are. it would be a five person board with a head. they also want to see the current get their budget from the federal reserve, they want their budget approved each year by congress during the preparation process. democrats are saying these are not improvements, they're t
watchdog. the president nominating richard cordray to held up the new consumer financial protection bureau. richard cordray is the former attorney general and back in 1987 he was a five-time winner on jeopardy. not that any of you see it because it son in this time slot. took home more than 40 grand. republicans were against creating the new consumer agency. now they're demanding limits on its power before they confirm anybody to run it in other words, washington gridlock again. so the president has decided not to nominate elizabeth warren who launched the bureau but she was by his side for today's announcement. tells fox news she hand picked cordray for the job and has no regrets about not getting it herself. heat wave, did you hear about it? widespread across the nation still scorching parts of the midwest and southern plains. national weather service issuing warnings and advisories in 17 states from michigan to texas. take oklahoma where the intense heat caused a road to crack at a major intersection on highway 412. in nebraska one amusement park loaded up amusements parks with massive
but she won't be the one heading up this bureau. it's going to be richard cordray instead. how much difference does that make in what this new bureau does? >> well obviously elizabeth warren had been toxic, had become toxic in congress. i think it was a pretty great disservice to her. i think her views were distorted but mr. cordray has similar views at least in principle. i think once we get beyond what became the toxic nature of thisçç debate he will by ad large live up to those principles but let's keep in mind all this talk about having a structure to support and protect consumers in complex financial areas simply didn't hold up in the last four or five years. we did not have the structure. in fact, we had by and large ample rules but washington and state and local regulators didn't implement them as didn't oversee a fast-changing industry. >> woodruff: david hirschman, what about that point? and if you would, first, does it make a difference to the chamberç who is heading up this agency, whether it's elizabeth warren or richard cordray? >> certainly our view is that any n
the best possible choice for director of the bureau. and that's who we found in richard cordray. richard was one of the first people that elizabeth recruited, and he's helped stand up the bureau's enforcement division over the past six months. i should also point out that he took this job - which meant being away from his wife and 12-year-old twins back in ohio - because he believed so deeply in the mission of the bureau. prior to this, as ohio's attorney general, rich helped recover billions of dollars in things like pension funds on behalf of retirees, and stepped up the state's efforts against unscrupulous lending practices. he's also served as ohio's treasurer and has successfully worked with people across the ideological spectrum - democrats and republicans, banks and consumer advocates. now, last but not least, back in the 1980's, richard was also a five-time jeopardy champion. and a semi-finalist in the tournament of champions. not too shabby. that's why all his confirmation -- all his answers at his confirmation hearings will be in the form of a question. that's a joke. [laughte
that to you live tuesday morning on our companion network, c-span3. president obama nominated richard cordray to head the consumer financial protection bureau to this week. the nominee has to be approved by the senate, were 44 senators, including minority leader mitch mcconnell, has said they will oppose any nominee without structural and funding changes to the agency. >> good afternoon, everybody. it has been almost three years since the financial crisis pull the economy into a deep recession and millions of families are still hurting because of it. trying to get by on one income instead of two, on fewer shifts at the plant or at the hospital, cutting expenses, giving up on a family night out so there is money for groceries, and for a lot of families, things were tough even before the recession. so we've got to get the economy growing faster and make sure that small businesses can hire again. so that an entrepreneur out there can sell a new product, so that the middle-class is getting stronger again, and so folks feel confident in their futures and their children's futures, and that is why w
. richard cordray. the nomination bypasses the creator of the agency, harvard law professor elizabeth warren. the bureau will begin oversight on july 21. its goal is to watch mortgages credit cards, and other forms of lending. >>> new this morning, three international service members have been killed in a bomb blast in eastern afghanistan. that is the word from nato. will to bring you an update later in the show. >>> today a new chapter begins in afghanistan. general david petraeus will relinquish his post in a chemist and to lieutenant general john allen. general petraeus plans to retire from the army at the end of august, and will start his new job as head of the cia on september 5. nato is preparing to hand over provincial control to afghan forces. >>> 71 degrees on this monday. >> the startling arrest in the alleged phone hacking case surrounding media mogul rupert murdoch and resignation. >>> a morale boost for the nation in mourning, the expense of the american team. we will have more on the u.s. women's heart breaking world cup loss. >> a live picture of 395 moving smoothly so far. >
Search Results 0 to 49 of about 78 (some duplicates have been removed)